🚀TrendX Financing Daily News 01/12/2024

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【1】Magic Square

Amount: $22 million

Stages: IDO

Date: January 10

Investors: Undisclosed

Category: Tools, App Store

Description: Magic Square is an App Store for crypto developers and users, making it simple to discover and access dApps, CeFi and DeFi, NFTs, Games, and more, all in one place with an easy-to-navigate layout. It is a unified, integrated, and interoperable space for users to discover and experience community-vetted DAPP, and for developers to market and monetize their creations.

Additions: Magic Square raised $ 3 M in Seed round on July 1, 2022

Website： https://magicsquare.io/

Twitter： https://twitter.com/MagicSquareio

【2】Orbiter Finance

Amount: Undisclosed

Stages: Series A

Date: January 11

Investors: OKX Ventures, Redpoint China, Skyland Ventures, Mask Network, Bas1s Ventures, Zonff Partners, Hash Global

Category: Infrastructure, Cross-Chain Bridge

Description: Orbiter Finance is a decentralized cross-rollup bridge for transferring Ethereum native assets, providing the infrastructure for Layer 2.In Orbiter Finance, there are two roles they are Sender and Maker. When the Sender initiates a transfer, the Maker provides liquidity for it. The smart contract ensures the security of this process. If the Maker does bad behaviors and the transfer fails, the Sender can initiate an arbitration request to the contract with Maker’s margin and then get the excess compensation.

Additions: Orbiter Finance raised $ 3.2 M in Seed round on November 29, 2022

Website： https://www.orbiter.finance/

Twitter： https://twitter.com/Orbiter_Finance

【3】Bitfinity Network

Amount: $7 million

Stages: Undisclosed

Date: January 11

Investors: Polychain, ParaFi Capital, Warburg Serres, Draft Ventures, Dokia Capital

Category: Infrastructure, Layer2

Description: Bitfinity (formerly InfinitySwap) is a next-gen EVM, serving as a Layer Two for Bitcoin and other assets - utilising threshold signature schemes and built on the IC.

Additions: Bitfinity Network raised $ 1.5 M in Seed round on December 30, 2021

Website： https://bitfinity.network/

Twitter： https://twitter.com/bitfinitynet

【4】Karrier One

Amount: Undisclosed

Stages: Strategic financing

Date: January 11

Investors: Sui / Mysten Labs

Category: Internet of Things, DePIN, Wireless Networks

Description: Karrier One is a decentralized mobile network that enables licensed spectrum holders to monetize their spectrum usage. Licensed spectrum holders can use the Karrier One Protocol to provide mobile connectivity and usage to users around the world. Karrier One is committed to self-sovereign identity, fair on-chain economies, and practical real-world business solutions.

Website： https://www.karrier.one/

Twitter： https://twitter.com/karrier_one

【5】Pontem Network

Amount: $6 million

Stages: Undisclosed

Date: January 11

Investors: Faction, Lightspeed Venture, Pantera Capital, Wintermute, Altonomy, Aptos, Shima Capital, Kraken Ventures

Category: Studio

Description: Pontem is an Aptos and Sui product studio incubating Pontem Wallet, liquidswap.com, and more. Previously, it focused on developing a Polkadot-based decentralized application (dapp) framework.

Additions: Pontem Network raised $ 4.5 M in funding round on June 4, 2021

Website： https://pontem.network/

Twitter： https://twitter.com/PontemNetwork

About TrendX

TrendX is an AI-driven Web3 trend tracking and intelligent trading one-stop platform, using large language model and AI technology to find market trends, and seamlessly combined with intelligent trading, committed to becoming a new generation of AI trading platform for 1 billion users to enter Web3 to check projects, find hot topics, see trends, primary investment, and secondary trading.

Website：  https://app.trendx.tech/

Twitter：  https://twitter.com/TrendX_tech